In this paper we will discuss about the recent business deal made by Wisair, a semiconductor production company. It announced the deal publicly in February 2008. The company will receive a 24 million dollar investment from Susquehanna Growth Equity, Advent Venture Partners, Apax Partners, Bridge Capital Fund and Yasuda Ventures together.
This deal will help Wisair to expand their business globally. Wisair disclosed its recent business deal in February 2008. Susquehanna Growth Equity along with Advent Venture Partners, Apax Partners, Bridge Capital Fund, based in Japan, and Yasuda Ventures will invest 24 million dollars in Wisair. The previously existing investors are Apax Partners, Intel Capital, Zisapel brothers, Vertex, and Broadcom.
Wisair, based in Israel, is a semiconductor production company, which provides Wireless USB, and CMOS based Ultra Wideband solutions. Several big companies across the globe are currently using Wisair’s services, well known for their wide range of coverage. Susquehanna Growth Equity is situated in the United States of America. It is a private equity firm, which mainly invests in the area of financial and software services.
It is affiliated to the Susquehanna International Group, a private financial institution for market making as well as trading.
Advent Ventures, founded in 1981, is basically a venture capital company. It mainly invests in health care and technology sector. Since 1998, the company has collected more than 1 billion dollars from the European and American institutional investors. Its technology investment portfolio comprises some big names like, Qype, Ubiquisys, Dailymotion, and Snell & Wilcox etc.
Yasuda Enterprise Development is a Japan based venture capital firm. It has almost 40 years of experience in venture investment. It also focuses mainly on the technology sector like, biotech, electronics etc.
Wisair’s rich business history has lured the investors to go for the deal. This business deal will help the company to grow rapidly.